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Ronbay Technology has revealed its ambitious plan to undertake a significant project through its consolidated subsidiary, which will be situated in the Xiangyang Comprehensive Bonded Zone. The project is slated for a 12-month construction phase, with operations projected to commence in November 2026. Presently, the company boasts an annual production capacity of 18,000 tons of NFPP sodium-ion battery cathode materials. Furthermore, it has secured a prepayment agreement worth 640 million yuan with a customer. The project, having received the green light from the board of directors, is now awaiting shareholder approval at the upcoming shareholders' meeting. Additionally, it must navigate through several pre-approval procedures, including filing with the National Development and Reform Commission, conducting environmental impact, safety, and energy assessments.
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